On January 24, the EUR/USD pair lost about 30 basis points and thus continues to build the expected wave y. If this is true, then a successful attempt to break the 76.4% Fibonacci mark indicates that the markets are ready for further sales of the euro currency. The wave y becomes more extended than originally calculated. Around the 100.0% Fibonacci level, its construction may be completed.

The EUR/USD pair gained about ten base points on January 22, which did not particularly affect the current wave marking, which still implied a continued decline in the instrument.